Realogy Reports First Quarter 2021 Financial Results
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MADISON, N.J., April 29, 2021 /PRNewswire/ Realogy Holdings Corp. (NYSE: RLGY), the largest full-service residential real estate services company in the United States, today reported financial results for the first quarter ended March 31, 2021. Realogy delivered a very powerful first quarter. We generated a record $162 million in Operating EBITDA, grew closed transaction volume by 44% year over year, continued to expand market share, and improved our balance sheet to its best position ever, said Ryan Schneider, Realogy s chief executive officer and president. Our strategic actions are enabling Realogy affiliated agents and franchise owners to better capitalize on the dynamic housing market as we continue to move fast, innovate, and invest for future growth.
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March 4, 2021
TitleOne, a leading full-service title and settlement services provider and subsidiary of Realogy Title Group LLC, has acquired Land Title of Nez Perce County in Lewiston.
Founded in 1984, Land Title of Nez Perce County was previously owned and operated by Joe Strohmaier, who will continue to manage Land Title’s operations. Financial terms of the transaction were not disclosed.
In a news release, Strohmaier said the decision to join with TitleOne allows the business to streamline operations and capitalize on efficiencies, while offering customers an expanded range of products and services. Tags: Land Title of Nez Perce County, TitleOne
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Founded in 2010, KVS Title has 90 employees across six offices in the Washington, D.C. metro area. Its attorneys have completed 70,000 settlements, and it serves clients in California, Florida, Washington state, Maryland, Virginia and Washington, D.C., according to its website.
Compass is the third-largest brokerage based on sales volume, having sold $91.3 billion worth of real estate in 2019, according to data firm Real Trends. It currently has 18,000 agents nationwide.
In January, Compass filed confidential plans to go public. It was last valued at $6.4 billion, after a July 2019 funding round.
Thanks to the U.S. housing market’s hot year, Compass reported record revenue from June to October 2020, according to news reports, but it’s not yet profitable on a companywide basis.